Bitcoin Price Surpasses $1,115, Recovers from Scaling Debate & PBoC Talks
Previously, Cointelegraph reported that Bitcoin price declined to $926 due to hard fork contingency and the likelihood of Bitcoin Unlimited being forked by its closed group of developers. Bitcoin price bounced back to $1,115 in the earning morning of March 22. However, almost immediately after Bitcoin price recovered back to the $1,115 margin, it plummeted to $1,010, due to the ambiguity surrounding the execution of the Bitcoin Unlimited hard fork. Because of the possibility of Bitcoin Unlimited creating a split chains and two tokens of the Bitcoin network, both investors and traders worry....
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The lineup for the third edition of the bitcoin developer conference Scaling Bitcoin is now available. Released today, the lineup features a heavy emphasis on talks devoted to scaling, or proposed improvements that would boost the transaction capacity of the bitcoin protocol. Planned talks include "Sidechain Scaling" by Bloq’s Paul Sztorc and "Progress on Scaling via Client-Side Validation" by developer Peter Todd. The event is scheduled to be held from 8th to 9th October in Milan, Italy, at Politecnico di Milano. The full program is divided into six sections including....
Will bitcoin, the much-hyped $10bn distributed digital currency network, scale? The open question is set to be addressed at the latest in a series of developer conferences aimed at the issue this week. Scaling Bitcoin, scheduled to run from 9th to 10th October, is the third conference of its kind since divisions in the digital currency's community began following debate on how to accommodate more transactions, and some argue, more users. While the conference has lost some of its former intrigue, what's at stake is still the development roadmap for bitcoin, a project that critics argue is....
Bitcoin price has fully recovered since the temporary Bitcoin withdrawal suspension on Huobi and OKCoin traders, having increased from $980 to $1,123 within two weeks. On Jan. 18, Huobi and OKCoin were requested by the People’s Bank of China (PBoC) to overhaul their know your customer, hereinafter KYC, and anti-money laundering, hereinafter AML, regulation. Local publications including the Shanghai Observer reported that the PBoC told the two exchanges they were in violation of local regulations and failed to meet industry-wide standards. Three weeks after the PBoC made its initial request....
Bitcoin's scaling debate is clearly one of its defining moments. It has pitted the user bases sharply against one another whether through endless Reddit debates, digital media or even at the "top" tier of the development teams. It also raised significant issues around centralization and bitcoin’s somewhat awkward relationship with the mostly China-based mining industry. In this post, I will attempt to document different parts of the debate as it played out from different perspectives. I do not consider myself beholden to any specific strand and have attempted to be as neutral as....
Billed as a potential venue for debate on more heated issues surrounding the long-term viability of the bitcoin network, Scaling Bitcoin saw a who's who of developers decamp to Montreal to talk about the underlying technical issues facing bitcoin yesterday. Often reduced in conversation to mentions of its price or market cap, Scaling Bitcoin succeeded at showcasing the breadth of challenges posed by bitcoin's approach to incentivizing disparate parties to maintain a common and equally beneficial distributed resource. Held in Montreal, day one of the much-anticipated event focused more on....